https://www.taxtmi.com/news?id=23291 The MPC, under Section 45ZB of the Reserve Bank of India Act, retained the policy repo rate and maintained an accommodative monetary stance at least through the current and next financial year to support durable growth while ensuring CPI inflation returns to the 4% 2% medium-term target. The decision follows detailed review of staff projections, surveys and alternative scenarios, noting elevated inflation driven mainly by supply shocks, large systemic liquidity, subdued credit growth and a deep GDP contraction; the minutes publish the resolution, individual votes and members' statements as required by Section 45ZL. en-us Fri, 23 Oct 2020 17:52:40 +0530 Fri, 23 Oct 2020 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23291 The MPC, under Section 45ZB of the Reserve Bank of India Act, retained the policy repo rate and maintained an accommodative monetary stance at least through the current and next financial year to support durable growth while ensuring CPI inflation returns to the 4% 2% medium-term target. The decision follows detailed review of staff projections, surveys and alternative scenarios, noting elevated inflation driven mainly by supply shocks, large systemic liquidity, subdued credit growth and a deep GDP contraction; the minutes publish the resolution, individual votes and members' statements as required by Section 45ZL. News - Fri, 23 Oct 2020 17:52:40 +0530 https://www.taxtmi.com/news?id=23291